Category: 3-EconSometimeCommentary

How does America's cutest sales force get billions of Thin Mints, Samoas, and Tagalongs into our hands every year? Zachary Crockett digs in.

A great economics paper does two things. It takes on a big question, and it finds a smart way to answer that question.

But some papers go even further. The very best papers have the power to change lives.That was the case for three economists we spoke to: Nancy Qian, Belinda Archibong, and Kyle Greenberg.

They all stumbled on important economics papers at crucial moments in their careers, and those papers gave them a new way to see the world. On today's show - how economics papers on the Pentecostal church in Ghana, the Vietnam war draft, and the price of butter in Sweden shaped the courses of three lives.

This episode was produced by Sam Yellowhorse Kesler. It was edited by Keith Romer. Sierra Juarez checked the facts, and it was mastered by Natasha Branch with help from Gilly Moon. Jess Jiang is our acting executive producer.

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Monopoly is one of the best-selling board games in history.

The game's staying power may in part be because of strong American lore — the idea that anyone, with just a little bit of cash, can rise from rags to riches. Mary Pilon, author of The Monopolists: Obsession, Fury, and the Scandal Behind the World's Favorite Board Game.
But there's another origin story – a very different one that promotes a very different image of capitalism. (And with two sets of starkly different rules.) That story shows how a critique of capitalism grew from a seed of an idea in a rebellious young woman's mind into a game legendary for its celebration of wealth at all costs.

This episode was made in collaboration with NPR's Throughline. For more about the origin story of Monopoly, listen to their original episode Do Not Pass Go.

This episode was produced by Emma Peaslee, mastered by Natasha Branch, and edited by Jess Jiang.

The Throughline episode was produced by Rund Abdelfatah, Ramtin Arablouei, Lawrence Wu, Laine Kaplan-Levenson, Julie Caine, Victor Yvellez, Anya Steinberg, Yolanda Sangweni, Casey Miner, Cristina Kim, Devin Katayama, and Amiri Tulloch. It was fact-checked by Kevin Volkl and mixed by Josh Newell.

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On this episode of the Hayek Program Podcast, Peter Boettke & Emily Chamlee-Wright engage in a fruitful discussion of liberalism in its various tenets. In early 2022, Chamlee-Wright penned a piece in Profectus entitled, "The Four Corners of Liberalism: Mapping Out a Common Ground," in which she charts the different types of liberalism with an eye toward respect for all its adherents. Boettke & Chamlee-Wright discuss her framework, including her inspiration for the project, what the four corners entail, and how they can exist in tension with each other without eliminating any one corner. Additionally, they stress the need for an underlying appreciation of markets, which Chamlee-Wright describes as a "learning system" for people.

If you like the show, please leave a 5-star review for us on Apple Podcasts and tell others about the show! We're available on Apple Podcasts, Spotify, Amazon Music, and wherever else you get your podcasts.

To read Chamlee-Wright's piece at Profectus click here.

Virtual Sentiments, our new podcast series from the Hayek Program is now streaming! Subscribe today and listen to season one on digital democracy.

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CC Music: Twisterium

In our first episode, host Zachary Crockett sidles up to the pump to ask:  Who owns your local gas station, and where do their profits really come from? 

Some of history's biggest financial scams owe their name to Charles Ponzi. Here's the story of the man behind the eponymous scheme.

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A new show is coming to the Freakonomics Radio Network. Stay tuned for The Economics of Everyday Things, hosted by Zachary Crockett.

Driving a truck used to mean freedom. Now it means a mountain of debt.

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If the Fed had a mantra to go along with its mandate, it might well be "two percent." We look into how that became the target inflation rate, why some economists are calling for a change and how the inflation rate becomes unanchored.

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Welcome to the Planet Money Movie Club, a regular series from Planet Money+ in which we watch an economics-related movie and discuss! On today's episode, Kenny Malone, Wailin Wong, and Willa Rubin talk about Frank Capra's 1946 classic 'It's A Wonderful Life.' They discuss CPI adjustments, how a copyright lapse helped make the film more popular, and what exactly a 'Building and Loan' is.

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